Tesco PLC announced on October 23, 2025, the purchase of 2,500,000 ordinary shares at an average price of 446.47 pence per share, with the highest price paid being 450.00 pence and the lowest at 442.60 pence. These shares, with a nominal value of 6 1/3 pence, were bought on October 22, 2025, on the London Stock Exchange as part of its £1.45 billion share buyback program and will be cancelled. Following this transaction, the remaining number of ordinary shares in issue will be 6,481,046,233. Since April 10, 2025, Tesco has purchased 255,795,529 ordinary shares for cancellation, totaling £1,019.7 million.
Further to the announcements made on 10 April 2025 and 28 July 2025, Tesco PLC (the "Company") announces that on 22 October 2025 it has purchased, in accordance with the authority granted by shareholders at the 2025 Annual General Meeting of the Company, the following number of ordinary shares of 6 1/3 pence on the London Stock Exchange pursuant to its existing £1.45 billion share buyback programme.
The purchased shares will be cancelled.
Description of shares:
Tesco PLC - ordinary shares of 6 1/3 pence
Date of transaction
22 October 2025
Number of Shares purchased:
2,500,000
Average price paid per Share (pence):
446.47p
Highest price paid per Share (pence):
450.00p
Lowest price paid per Share (pence):
442.60p
Broker:
Goldman Sachs International
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 6,481,046,233. The Company does not hold any ordinary shares in Treasury.
The figure of 6,481,046,233 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Since the launch of the Commencement RNS on 10 April 2025 the Company has purchased 255,795,529 ordinary shares, totalling £1,019.7m, in aggregate for cancellation.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK(the Market Abuse Regulation), a full breakdown of the individual purchases is attached to this announcement.
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